Category: Individual Tax
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The 30 June tax planning checklist
Almost everything that reduces your tax has to happen before 30 June. A practical checklist for individuals and businesses — super, timing, CGT, trust resolutions and Division 7A.
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Overdue tax returns: what it costs to leave them, and how to fix it
The failure to lodge penalty is up to $1,820 per return from July 2026 — but many long-overdue returns produce a refund. What the ATO actually does, and how catching up works.
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Working from home: running expenses vs occupancy expenses (and the CGT sting)
Running expenses are safe to claim. Occupancy expenses — rent, mortgage interest, rates — have a high bar and can cost you part of the tax-free sale of your home.
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Work-related deductions: the three rules every claim has to pass
What you can and cannot claim as a work-related deduction, why the $300 rule is not a free $300, and the claims the ATO refuses most often.
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Car and travel claims: 88 cents a kilometre, and the trips you can’t claim
The cents per kilometre rate is 88c for 2025–26 and rises to 91c from 1 July 2026. How the 5,000km cap works, when a logbook beats it, and why home-to-work travel is not deductible.
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Working from home deductions 2025–26: the 70 cent rate explained
The ATO fixed rate for working from home is 70 cents per hour for 2025–26. Here is what it covers, what you can still claim on top, and the record keeping that gets claims denied.
Samrat Sharma & Associates 